Investment Attraction Fund

Investment Attraction Fund

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What is the Investment Attraction Fund?

The Investment Attraction Fund is a grant opportunity which aims to help businesses to establish and grow their operations in Western Australia.

 

Background

The Investment Attraction Fund is a government initiative aimed at attracting new business investment and job creation in Western Australia. The fund provides financial assistance to eligible businesses that are looking to establish operations in Western Australia or expand their existing operations in the state.

The Investment Attraction Fund is administered by the Western Australian Government’s Department of Jobs, Tourism, Science and Innovation. It is designed to support businesses across a range of sectors including resources and energy, agriculture and food, tourism, technology, and manufacturing.

The Investment Attraction Fund provides financial assistance in the form of grants, loans, and other financial incentives to eligible businesses. The amount and type of financial assistance provided by the Investment Attraction Fund depends on a range of factors, including the size and nature of the proposed investment, the number of jobs that will be created, and the overall economic benefits that the investment will bring to Western Australia.

 

Objective

The goal of the Investment Attraction Fund is to help diversify the state’s economy and create sustainable, long-term employment opportunities for Western Australians.

 

Funding

The amount of financial assistance made available to a successful applicant will be based on the successful application’s proposal and proportionate to the State’s assessment of value for money.

The State will determine financial assistance on a case-by-case basis up to a maximum of 50% of the total proposal cost or a maximum State contribution amount of $5 million AUD, whichever is lower. The State reserves the right to consider proposals requesting financial assistance greater than $5 million AUD and/or greater than 50% of the total proposal cost.

Need Assistance?

Call 1300 658 508

Investment Attraction Fund

Eligible Projects

Expressions of interest (EOI) are sought from businesses across a range of industries that align with WA’s priority sectors, including:

  • energy
  • mining and mining equipment technology services (METS)
  • space industries
  • defence industries
  • health and medical life sciences
  • primary industries
  • international education
  • tourism, events and the arts.

Submissions that impact on multiple sectors of the economy are encouraged, including:

  • supply chain development
  • advanced manufacturing
  • science, innovation and technology
  • environmental, social and governance frameworks.

 

Eligible Applicants

To be eligible, applicants must be:

  • registered, or be eligible to register for an Australian business number (ABN)
  • a legal entity, or partnered with a legal entity, with a proven trading history for the past 3 financial years as a minimum
  • provide financial statements for the last 3 financial years
  • able to provide a business plan and evidence that supports the capability to undertake the proposal.

Need Assistance?

Call 1300 658 508

Investment Attraction Fund

Timing

Applications close 04 May 2022.

 

More Information

Latest News

Austin Engineering has been awarded a grant of up to $5 million from the WA government’s Investment Attraction Fund to boost advanced manufacturing capabilities at its Kewdale plant. The grant will support greater automation and efficiency as part of the company’s global advanced manufacturing plan.

Austin CEO David Singleton said the grant will allow them to create more local jobs and deliver world class designed and engineered products to their mining customers. Austin has already begun manufacturing its ultra-lightweight High Performance Truck Tray, which can carry a payload of additional ore due to its lighter weight.

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